Agink

Agink

sasol is currently showing bearish dominance, buying out of greed will only result in major loses. wait for the recovery pattern and invest from there.

Agink

always remember that the market is aggressive a week before nfp.

Agink

as i have previously posted, the market has held a consolidation range, this has changed the outlook of the analysis. there is still a bullish possibility, though it lacks momentum, this could be a bull trap followed by a smooth downtrend to the indicated levels. i will keep you posted, like and follow to not miss any posts.

Agink

xxx/usd pairs are showing bearish momentum, with the US elections coming the market tends to follow fundamentals, it is best to monitor the economic calendar.

Agink

The market changes direction under the influence of news events, buy positions will be valid if the 0.7100 level holds.

Agink

This analysis is based on the pattern forming when you zoom out, which is the H&S pattern. entry is only considered when the pair fails to break the higher high resistance level. when you zoom out the chart, you will see a head and shoulder pattern.

Agink

remember the market tends to issue extended stophunts and ignore trends, but eventually corrects. The pair is losing bearish momentum, though has possibilities of retesting and setting new low of the month before rising. the extended bearish movement will depend on MM, remember to always apply money management. if you enter now set your SL 50 pips away

Agink

all trades should be protected and running in profit.

Agink

bearish

Agink

remember we only sell when we see bearish momentum, do not try grabbing or having sniper entries. it is not worth the risk.

Agink

take profit or move stoploss to protect your profit.

Agink

entry SL; 1910 TP; will depend on your patience skills, once in 30 pips profit move sl into breakeven.

Agink

a rejection has to be seen on 105.750 before we can confirm the bias. Entry is after rejection on the highlighted level above SL ; 106.100 Entry point

Agink

comment with your outlook if you see a bullish trend. a possible spike to the top before town trend can be seen, the spike will be our confirmation of the bears.

Agink

GBP showing strong momentum over the US dollar, lets see if the momentum lasts before taking any buy positions.

Agink

i previously posted hoping to see gaps on GBP pairs based on the news event that took place on Sunday. The pair is showing strength in the bullish direction. a trade above the resistance line will result in the setup being invalid. we will only take this trade once the bullish momentum fades.

Agink

The news event taking place today can change the outcome of the current analysis, there is a possibility of gaps on GBP pairs. if there are no changes i stand by this analysis for GBPJPY.

Agink

upside head n shoulder pattern visible, waiting for confirmation to buy